HNI Q3 GAAP EPS falls 10% to $0.88; non-GAAP EPS rises 7% to $1.10
HNI Corporation reported third-quarter 2025 net sales of $683.8 million, up 1.7% from a year earlier, and GAAP net income of $41.2 million, down from $47.5 million. GAAP diluted EPS fell 10% to $0.88, while non-GAAP diluted EPS rose 7% to $1.10, and the company said its full-year outlook is essentially unchanged. The results are split between higher sales and non-GAAP earnings and lower GAAP profit, which includes $8.3 million of one-time costs tied to the pending Steelcase acquisition.
Key points
- Q3 net sales rose 1.7% to $683.8 million; GAAP operating income fell to $64.6 million from $68.9 million
- GAAP diluted EPS was $0.88 versus $0.98; non-GAAP diluted EPS was $1.10 versus $1.03
- Company expects 2025 non-GAAP diluted EPS growth in the mid-teens percent range and Q4 non-GAAP EPS to rise slightly
- Steelcase acquisition is expected to close before the end of 2025; HNI reduced debt by $120 million during the quarter
The filing
Written by AI on Nov 8, 2026, 1:39 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.